Market erases early gains; Sensex tumbles 243 points
Mumbai |
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Our Bureau Equity market, on Tuesday, erased all gains made during early hours to end on a negative note, dragged by IT, FMCG and financial stocks. The market had rebounded sharply at opening after the government announced its decision to open Covid-19 vaccination for citizens above 18 beginning May. However, iterased the early gains during the second half amid mixed global cues while concerns related to Covid-19 cases in the country continued to dent investor sentiments.
The BSE Sensex closed at 47,705.80, down 243.62 or 0.51 per cent, after hitting an intra-day high of 48,478.34 and a low of 47,438.50. The Nifty 50, which slipped below the 14,300-mark to hit the day’s low at 14,207.30, closed at 14,296.40, down 63.05 or 0.44 per cent.
Share Market Updates: Sensex, Nifty Fall For Second Straight Session Dragged By IT Shares
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Dr Reddys Laboratories Ltd is quoting at Rs 4964.3, up 1.45% on the day as on 12:49 IST on the NSE. The stock is up 29.12% in last one year as compared to a 54.16% spurt in NIFTY and a 44.99% spurt in the Nifty Pharma index.
Dr Reddys Laboratories Ltd gained for a third straight session today. The stock is quoting at Rs 4964.3, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 2.32% on the day, quoting at 14278.1. The Sensex is at 47777.03, down 2.16%. Dr Reddys Laboratories Ltd has risen around 14.02% in last one month.
Meanwhile, Nifty Pharma index of which Dr Reddys Laboratories Ltd is a constituent, has risen around 11.94% in last one month and is currently quoting at 13234.25, up 0.23% on the day. The volume in the stock stood at 12.69 lakh shares today, compared to the daily average of 12.3 lakh shares in last one month.
Market Movers: Pharma stocks surge, banks sink; 37 stocks blink sell
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As many as 37 stocks listed on the National Stock Exchange gave sell signals based on MACD indicators. Names include NALCO, NMDC, Titan Company, Cyient and Tanla Platforms.
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For the day, the Nifty50 index closed 1.8 per cent, or 258.4 points, lower at 14,359.45, while the BSE-Sensex ended at 47,949.4, down 882.6 points or 1.8 per cent.
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MUMBAI: Benchmark equity indices ended deep in the red despite recouping some of the losses towards the end of the session as investors were spooked by the surging COVID-19 infections and deaths in the country.
Sensex dives over 1,000 points as banking, financial stocks fall; Nifty below 14,350
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Sensex dives over 1,000 points as banking, financial stocks fall; Nifty below 14,350
TIMESOFINDIA.COM / Updated: Apr 19, 2021, 11:36 IST
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NEW DELHI: Equity indices plunged on Monday with the benchmark BSE sensex falling over 1,000 points amid fall banking and financial stocks.
The 30-share BSE index dived 1,004 points or 2.06 per cent to 47,828 in late morning deals; while the broader NSE Nifty moved 290 points or 1.99 per cent lower to 14,328.
Major laggards in the BSE pack included IndusInd Bank, ICICI Bank, Axis Bank, SBI, Bajaj Auto, Bajaj Finance and HDFC with their stocks down as much as 5.69 per cent.
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